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February 05, 2006

The fall of the CFO Mafia

Owens will give up fraud assets

Bill Owens will give up $2.5 million in assets, including his home, which is pretty much all he has. Meanwhile, Richard Scrushy is still living high on the hog.

Now, the Scrush claims that he's completely innocent of the fraud and it was all the fault of his five different CFOs. Let's say that that's true. Why should he benefit from the fraud? By his own testimony, he's got lots of money only because of the hard work of the CFO Mafia. To me, it's only fair that he give up the profits from the fraud to the people responsible.

Posted by Mac Thomason at February 5, 2006 12:29 PM

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Comments

When Scrushy starts making restitution to the people who were hurt by his fraud, I'll start believing he's had some kind of conversion. Till then, I have to believe he's either incredibly stupid or incredibly evil -- either way, he doesn't deserve to keep all that money. And suing because the board terminated his contract? Oh, puhleaze!

Posted by: Kathy at February 5, 2006 10:12 PM

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